Botswana Most BTC/BWP volume happens person-to-person (P2P), … Paxful (⚡), LocalCryptos, etc. and on private chat channels such as in Telegram or WhatsApp chat groups. Popular payment methods include Orange Money, PayPal, Mukuru (remittance transfers), and domestic bank transfers. YellowCard
Good luck trying to enforce any of that regulation, with a growing p2p market and people being used to using cash, it really only affects the middle class that use centralised services
The southern African nation was removed from the Financial Action Task Force’s list of countries subject to more oversight for shortcomings in combating money laundering and terrorist financing in October.
The new rules require anyone seeking to offer cryptocurrencies or digital tokens in Botswana to get a license from the Non-Bank Financial Institutions Regulatory Authority and adhere to a list of conditions.
Bitcoin Exchange Methods In Africa
https://kenyacoin.medium.com/bitcoin-exchange-methods-in-africa-39ec3bbb859b
Here's tutorial for the "private chat channels": #7424 ;)
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Here is the archive (which has no ads):
https://archive.fo/ybb6W
And another article on the topic:
Botswana Passes Bill to Regulate Crypto and Digital Tokens Trading
https://www.fxempire.com/news/article/botswana-passes-bill-to-regulate-crypto-and-digital-tokens-trading-885996
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Good luck trying to enforce any of that regulation, with a growing p2p market and people being used to using cash, it really only affects the middle class that use centralised services
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deleted by author
deleted by author